Apparently the premium valuation that Adani is paying for ACC & Ambuja, the company will have to make EBITDA/ton of Rs. 2000 to make double digit ROCE.
This is almost double of the Indian average and hence it kind of makes sense for Adani not to go very aggressive on pricing in order to corner higher market share.
Additionally, there are so many adjacencies here and biggest in my view is access to cheap renewable power, better access to limestone mines and better freight as well. Will be interesting to see if these entities can match Shree cements in terms of profitability.
#adani #Holcim
#adani #Holcim
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